Coinbase Admit to Overcharging Customers, up to 50x

Coinbase although popular and considered to be one of the more reliable cryptocurrency exchanges, this week was hit by an incident whereby some customers reported mystery phantom charges on their bank/card bills.

Coinbase quickly acknowledged the issue on reddit and asked for help from the community to find out more about the cause.

Some customers reported being charged up to 17 times, and one report may have even be charged 50 times.

Although there was some talk of a class action lawsuit, realistically Coinbase will probably refund users.

Coinbase is one of the biggest cryptocurrency exchanges in the world and has some large and prominent investors.